Depending on what you do for a living, the types and sources of your income, you may need to pay estimated taxes. Estimated taxes don’t just apply to the self-employed and entrepreneurs but considering much of this income is not taxed in way shape or form, that seems to be the main focus of person when it comes to this topic.
Are you leaving deductions on the table? Maybe, maybe not. If you work from home, here’s one to consider: the home office deduction. (more…)
Ever heard the saying, “it costs to be the boss”? Well it does BUT there are also a few perks to being one too. If you work for yourself as a sole proprietor or as an independent contractor, in general you are considered to self-employed. (more…)
So you have an LLC but you don’t really know what that means to you legally or financially nor do you really know how it affects your taxes and your bottom line. (more…)
On this first day of tax season… thought I’d give you some tax tips you could use: 5 Ways The IRS Can Help You (or at least www.irs.gov) (more…)
This post comes to you courtesy of a friend to Common Cents, Lynda E Evans. She wanted to know what are my top 10 things people don’t know about taxes. I actually had a hard time coming up with ten so here are five… (more…)
